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Overall market sentiment has been down on Rivian Automotive Inc (RIVN) stock lately. RIVN receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What’s Happening With RIVN Stock Today?
Rivian Automotive Inc (RIVN) stock is lower by -0.74% while the S&P 500 is up 0.8% as of 11:40 AM on Monday, Feb 13. RIVN has fallen -$0.14 from the previous closing price of $18.85 on volume of 6,052,599 shares. Over the past year the S&P 500 is down -6.33% while RIVN has fallen -70.14%. RIVN lost -$17.60 per share in the over the last 12 months.
More About Rivian Automotive Inc
Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories.
Click Here to get the full Stock Report for Rivian Automotive Inc stock.